A new landmark deal has been struck to close the pay gap between the Socceroos and the Matildas.
Football Federation Australia (FFA) and Professional Footballers Australia (PFA) announced the four-year deal on Wednesday.
The Collective Bargaining Agreement (CBA) aims to address issues of gender equality in the game and build a sustainable financial model that rewards players as National Team revenues increase.
It is a significant moment for the Matildas, with a three-tiered centralised system providing Tier 1 players the same remuneration as the Socceroos.
The allocation of any prospective World Cup prize money to players has also been increased.
FFA Chairman Chris Nikou said it is a unique agreement.
"Every national team, from the Socceroos and Matildas, down to the Youth National Teams as well as the Cerebral Palsy National Teams have been contemplated in this new CBA.”
“With this CBA, the next generation of aspiring Australian kids can see a pathway that oﬀers a sustainable career, a chance to be an Olympian, and the lure of playing at a FIFA World Cup - regardless of your gender.
"It means whether you are a male or female, the value football places on your jersey is no different. We are proud to break this new ground in Australian and world sport.”
To download and read the full CBA Facts Sheet, click here.